From Yahoo Finance: 2025-06-13 19:18:00

SharpLink Gaming Inc. (NASDAQ: SBET) shares plummet 73% to $10.05 after a 70% drop post-SEC filing, leading to investor confusion. The filing related to a $425 million PIPE raise, not insider selling, calming the market. The company holds over 176,000 ETH, making it a major institutional holder behind the Ethereum Foundation. Ethereum is currently trading at $2,529.44. CEO Charles Allen remains optimistic, citing improved communication and action plans to address investor concerns.

Read more: Stock’s link to shocking asset triggers 70% drop post-SEC filing